The SMRT and red roundel represent our enduring heritage. The "SMRT" typeface is oriented towards the right, projecting SMRT as a dynamic and forward-looking company that strives relentlessly towards excellence in public transport. Red highlights the passion and energy we embody. When the roundel was first conceived in , the two bands were meant to symbolise the two main rail lines being built then — the North-South and East-West Lines.
We will have greater flexibility to work with SMRT as a private entity to seek sustainable long term solutions as part of its transition. As we seek the support of the shareholders to privatise SMRT, we thank the generations of board, management and staff for their tireless contributions through the years, despite the trying circumstances from time to time, and recognise their dedication and commitment to deliver an outstanding public transport service that is globally recognised.
This represents In addition, the Scheme Price also represents The Scheme will require inter alia a the approval of the Scheme by a majority in number of Scheme Shareholders present and voting, either in person or by proxy, at the Scheme Meeting, such majority holding not less than three-fourths in value of the Scheme Shares voted at the Scheme Meeting, and b the sanction of the Scheme by the High Court of Singapore. Full details of the Scheme, including the recommendation of the Independent Directors and the advice of the IFA, will be included in a Scheme document to be sent to Scheme Shareholders in due course.
Where any information has been extracted from published, publicly available sources or obtained from Belford or Temasek, the sole responsibility of the directors of the Company has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this document.
The directors of Belford including those who may have delegated detailed supervision of the preparation of this document have taken all reasonable care to ensure that the facts stated and all opinions expressed in this document excluding information relating to the Company or any opinion expressed by the Company are fair and accurate and no material facts have been omitted from this document, the omission of which would make any statement in this document misleading, and they jointly and severally accept responsibility accordingly.
Where any information has been extracted from published, publicly available sources or obtained from the Company, the sole responsibility of the directors of Belford has been to ensure that, through reasonable enquiries, such information is accurately extracted from such sources or, as the case may be, reflected or reproduced in this document. It will also allow SMRT to be better supported as it retools and reinforces its core skillsets in engineering and maintenance," he said.
Temasek said it agrees with SMRT that there will be no special dividend arising from asset sale to LTA under the new rail financing framework. Taipei's metro network is the top in the world by this measure, with , train-km between disruptions - six times more than Singapore's. Last year, Singapore's overall rail network had 29 major disruptions lasting more than half an hour each.
Hong Kong's MTR, in contrast, had only eight. Dr Park said that for nationalisation to occur, rail operators must be fully owned and answerable to the Government - such as in Seoul, Korea - and this will not be the case for SMRT. Join ST's Telegram channel here and get the latest breaking news delivered to you. We have been experiencing some problems with subscriber log-ins and apologise for the inconvenience caused.
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